A rare & unique opportunity to reimagine and invest in almost an acre parcel in one of Alamance County's most desirable and busy corridors surrounded by the beautiful and vibrant Elon University Campus (recently ranked in the top 100 universities nationally), amenities, residential area and businesses. This approximately .808-acre parcel features a residence that may be renovated or removed for new development. The lot configuration lends itself to vertical mixed-use concepts, including retail or office on the ground level with potential residential unit(s) above, as well as boutique commercial uses such as a coffee shop, salon, or specialty retail. Small multifamily residential options may be feasible, subject to local zoning and approvals. Surrounded by university activity & housing, established neighborhoods, and growing commercial demand, this property offers exceptional visibility, consistent traffic, and long-term upside. Whether restoring the existing structure or pursuing redevelopment, this site is well-positioned for investors and owner-users seeking flexibility and location-driven value. Zoning and development feasibility to be verified by buyer.